FelCor Lodging Trust Inc. Fourth Quarter Earnings Sneak Peek

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FelCor Lodging Trust, Inc. (NYSE:FCH) will unveil its latest earnings on Wednesday, February 29, 2012. Felcor Lodging Trust is a real estate investment trust that is engaged in hospitality business.
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FelCor Lodging Trust, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of one cent per share, a swing from a loss of 4 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from 2 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at one cent during the last month. For the year, analysts are projecting net income of 18 cents per share, a swing from net loss of 9 cents last year.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting profit of 5 cents per share against an estimate of net income of 6 cents per share. The quarter before that, it missed expectations by 3 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 1.3% in revenue from the year-earlier quarter to $235.1 million.

Analyst Ratings: Analysts seem relatively indifferent about FelCor Lodging Trust with six of eight analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, the company’s loss narrowed to a loss of $22.8 million (26 cents a share) from a loss of $88.8 million ($1.04) a year earlier, but missed analyst expectations. Revenue rose 0.9% to $245.7 million from $243.4 million.

Key Stats:

Revenue rose in the third quarter after seeing a drop the quarter before. In the second quarter, revenue fell 21.2%.

Stock Price Performance: Between November 25, 2011 and February 23, 2012, the stock price rose $1.62 (67.5%), from $2.40 to $4.02. The stock price saw one of its best stretches over the last year between December 28, 2011 and January 9, 2012, when shares rose for eight straight days, increasing 17.4% (+50 cents) over that span. It saw one of its worst periods between September 14, 2011 and September 23, 2011 when shares fell for eight straight days, dropping 26.5% (-75 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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